2 & 4 River Street, Fredericton

2 & 4 River Street, Fredericton

Description

This rental investment has it all: close to amenities, close to major, dependable employers, a family-friendly walkable neighbourhood, positive cash flow w a 7% cap rate, in a trendy upward area, with longer-term tenants and the potential for additional units. This duplex of 2 freehold townhouses in quickly growing Marysville is walking distance to parks, the trail system, workplaces, the pharmacy and other shops, churches, the baseball field and popular meet-up coffee shop The Landing. With a public transit stop right outside the door and the Hwy 8 bypass minutes away, roads take you uptown, downtown or out to the country in 15 mins. Revenue and Expense statement avail. SNB leases and security deposits in place. Tenants pay own heat, hot water and lights. The charm of the property, historic Marysville and views of the Nashwaak River combined with special features like outdoor gardening space, oodles of storage, a covered front porch and enclosed back porch attract long-term tenants who take extra care. The property is currently professionally managed and maintained by Nest PM. With the new City zoning and additional land included on the corner with 2 River, there is the potential for further development. List of improvements available.

Location

2 & 4 River Street, Fredericton